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FortuneRock(China) Raises $24 Million for Protein Drug Development

publication date: Aug 25, 2014
FortuneRock(China), a Beijing developer of novel protein drugs, raised $24 million from China investors. The company will use $19.5 million of the capital to build a GMP production facility in Tianjin, which it will spin off into a new company. The remainder is allocated toward pre-IPO and other general corporate expenses. FortuneRock(China) uses two proprietary platforms to generate novel molecules: one produces timed-release recombinant protein molecules and the other is a high-efficacy yeast expression system. More details....

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